Bank of America in South Dakota vs the state
26.3%Denial rate+13.57 pts vs state
44.4%Decision denial rate+28.71 pts vs state
32.9%Origination rate-33.15 pts vs state
6.49%Median rate-0.01 pts vs state
1.84Rate spread (pts)+1.65 pts vs state
$108kMedian applicant income
25Loans originated
20Denied
Trend in South Dakota
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 86 | 21 | 59.3% | 7.74% | #48 |
| 2024 | 44 | 14 | 38.6% | 6.99% | #72 |
| 2025 | 76 | 25 | 26.3% | 6.49% | #61 |
What Bank of America lends in South Dakota
By loan purpose
By loan type
Why it denied South Dakota applicants
Where in South Dakota
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Minnehaha County | 19 | 4 | 4 | 21.1% |
| Lincoln County | 12 | 6 | 3 | 25.0% |
| Pennington County | 10 | 4 | 4 | 40.0% |
| Union County | 4 | 1 | 1 | 25.0% |
| Codington County | 4 | 1 | 1 | 25.0% |
| Lawrence County | 3 | 0 | 0 | 0.0% |
| Meade County | 2 | 0 | 1 | 50.0% |
| Yankton County | 2 | 1 | 1 | 50.0% |
| Hutchinson County | 2 | 1 | 1 | 50.0% |
| Custer County | 2 | 0 | 0 | 0.0% |
Other large lenders in South Dakota
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Plains Commerce Bank | B | 2,280 | 5.5% | 6.25% |
| First PREMIER Bank | C | 1,389 | 11.7% | 6.88% |
| First Bank & Trust | C | 1,320 | 11.2% | 6.63% |
| Black Hills Federal Credit Union | D | 1,223 | 23.0% | 7.75% |
| Rocket Mortgage | C | 1,027 | 16.9% | 6.75% |
| CMG Mortgage | A | 919 | 2.3% | 6.38% |
| Bankwest | F | 786 | 14.0% | 7.25% |
| First Dakota National Bank | A | 690 | 4.6% | 6.50% |
| Levo Federal Credit Union | B | 644 | 6.8% | 7.50% |
| U.S. Bank | D | 637 | 24.0% | 6.99% |
Frequently asked questions
South Dakota: 76 applications in 2025, of which 25 were originated and 20 denied.
26.3% of all applications, or 44.4% of the applications it actually decided on. The South Dakota statewide average across all lenders was 12.8%.
The median rate on loans Bank of America originated in South Dakota in 2025 was 6.49%, against a statewide median of 6.50%.
About this data. Figures are Bank of America's own HMDA filing for properties located in South Dakota, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology